Thitikorn, Bangkok Bank celebrate successful debenture issuance

Breaking News March 20, 2017 19:19

By The Nation

Thitikorn’s debentures, with a three-year tenor to 2020, carry an interest rate of 2.83 per cent per annum and are rated by TRIS Rating at ‘A

The issue, underwritten by Bangkok Bank, was very popular and received a good response from institutional and high-net-worth investors, attracting purchase orders for 2.23 times the value of the offering.

The issuance carried the highest debenture value that the listed auto hire-purchase company has ever offered, reflecting investors’ confidence in its financial strength.

Last year, the company reported a net profit (not including its subsidiaries) of Bt429.7 million, up 5.3 per cent from the previous year.